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Amendments to Directive 2014/59/EU Directive 2014/59/EU is amended as follows:

(1) in Article 2(1) the following points are added: ‘(110) “insurance resolution authority” means a resolution authority as defined in Article 2, point (12), of Directive (EU) 2025/1 of the European Parliament and of the Council (111) “insurance supervisory authority” means a supervisory authority as defined in Article 13, point (10), of Directive 2009/138/EC of the European Parliament and of the Council

(112) “financial conglomerate” means a financial conglomerate as defined in Article 2, point (14), of Directive 2002/87/EC of the European Parliament and of the Council; Directive (EU) 2025/1 of the European Parliament and of the Council of 27 November 2024 establishing a framework for the recovery and resolution of insurance and reinsurance undertakings and amending Directives 2002/47/EC, 2004/25/EC, 2007/36/EC, 2014/59/EU and (EU) 2017/1132 and Regulations (EU) No 1094/2010, (EU) No 648/2012, (EU) No 806/2014 and (EU) 2017/1129 ()." Directive 2009/138/EC of the European Parliament and of the Council of 25 November 2009 on the taking-up and pursuit of the business of Insurance and Reinsurance (Solvency II) ()." Directive 2002/87/EC of the European Parliament and of the Council of 16 December 2002 on the supplementary supervision of credit institutions, insurance undertakings and investment firms in a financial conglomerate and amending Council Directives 73/239/EEC, 79/267/EEC, 92/49/EEC, 92/96/EEC, 93/6/EEC and 93/22/EEC, and Directives 98/78/EC and 2000/12/EC of the European Parliament and of the Council ().’;"

(2) in Article 7(3), the following point is added: ‘(e) where the group as a whole is, or any institution within the group is part of, a financial conglomerate, the insurance resolution authority and the insurance supervisory authority concerned.’ ;

(3) in Article 14, the following paragraph is added: ‘3. Where the institution or entity or group is or is part of a financial conglomerate, the resolution authority or the group-level resolution authority shall also transmit the resolution plans or group resolution plans to the insurance resolution authority and the insurance supervisory authority concerned.’ ;

(4) in Article 81(3), the following point is added: ‘(l) where the institution or entity is part of a financial conglomerate, the insurance supervisory authorities and insurance resolution authorities concerned.’ ;

(5) in Article 83(2), the following point is added: ‘(l) where the institution under resolution is part of a financial conglomerate, the insurance supervisory authorities and insurance resolution authorities concerned.’ ;

(6) in Article 84(1) the following point is added: ‘(n) insurance supervisory authorities and insurance resolution authorities informed or notified on the basis of this chapter.’ ;

(7) in Article 88, the following paragraph is inserted: ‘3a. Where the institution or entity or group is or is part of a financial conglomerate, the insurance resolution authorities concerned shall be invited to participate in the resolution college as observers, provided that those authorities are subject to confidentiality requirements equivalent, in the opinion of the group-level resolution authority, to those established by Article 90.’.